Releases

Date	Subject
18.03.2022	Apetit Plc: Managers’ Transactions Apetit Plc, Stock exchange release on 18 March 2022 at 11:00 a.m. Apetit Oyj - Managers' Transactions ____________________________________________ Person subject to the notification requirement Name: Niko Simula Position: Member of the Board/Deputy member Issuer: Apetit Oyj LEI: 743700RSFZUIQYABYT14 Notification type: INITIAL NOTIFICATION Reference number: 11553/6/6 ____________________________________________ Transaction date: 2022-03-16 Venue not applicable Instrument type: SHARE ISIN: FI0009003503 Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE Transaction details (1): Volume: 195 Unit price: 0 EUR Aggregated transactions (1): Volume: 195 Volume weighted average price: 0 EUR Apetit Plc For further information, please contact: CFO Teemu Luovila, tel. +358 10 402 2114 Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2021, Apetit Group's net sales were EUR 284 million. Read more: apetit.fi
18.03.2022	Apetit Plc: Announcement of conveyance of own shares Apetit Plc, Stock exchange release on 18 March 2022 at 11:00 a.m. Apetit Plc: Announcement of conveyance of own shares Apetit Plc has assigned a total of 985 shares (APETIT) on 16 March 2022 (other conveyance) as a reward to members of the Board of Directors. The assignment value is EUR 12,164.75 in total, which corresponds approximately to EUR 12.35 per share. Taking into account the above-specified conveyances, the company holds a total 77,668 shares. Apetit Plc’s Supervisory Board decided on August 17, 2021, that the Chairman will receive an annual remuneration of EUR 39,060, the Deputy Chairman will receive EUR 24,120 and the Board members’ EUR 19,560. A total of 60 per cent of the annual remuneration will be in cash and the remaining 40 per cent in the form of Apetit Plc's shares held by the company at the current value of the share at the time of transfer. The remuneration was decided to be paid in share and cash payments four times a year. Apetit Plc For further information, please contact: CFO Teemu Luovila, tel. +358 10 402 2114 Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2021, Apetit Group's net sales were EUR 284 million. Read more: apetit.fi/en
11.03.2022	Apetit Plc: The sale of the Estonian Grain Trade business to Scandagra completed Apetit Plc, Stock exchange release on 11 March 2022 at 08:00 a.m. Apetit Plc: The sale of the Estonian Grain Trade business to Scandagra completed On 28 December 2021, Apetit has announced that its subsidiary Avena Nordic Grain has signed an agreement to sell the Baltic operations of the Grain Trade business to Scandagra Group. The sale covers the business and assets of Avena’s companies in Estonia and Lithuania. The requirements of closing the sale concerning the Estonian company have been fulfilled and the transaction has been completed on 10 March 2022. The completion of the sale of the Lithuanian company is awaiting the approval of the local competition authorities. As previously estimated, the transaction is expected to close during the first quarter of 2022. Apetit Plc For more information, please contact: Esa Mäki, CEO, tel. +358 10 402 2100 Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2021, Apetit Group's net sales were EUR 284 million.
10.03.2022	Apetit Plc's Annual Report 2021 published Apetit Plc, Stock Exchange Release, 10 March 2022 at 9:00 a.m. Apetit Plc's Annual Report 2021 published Apetit Plc’s Annual Report 2021 has been published. The Annual Report includes the Board of Directors’ Report, Financial Statements, Corporate Governance Statement, Remuneration Report and Sustainability report. The Financial Statements are published in accordance with European Single Electronic Format (ESEF) reporting requirements. The Financial Review is available separately in XHTML format and the primary statements have been labelled with XBRL tags. The Annual Report is attached to this release as a PDF file and the financial statements as an XHTML file. The materials are available also at apetit.fi/en/for-investors. Apetit Plc For further information, please contact: Sanna Väisänen, Director, Corporate Communications and Sustainability, tel. +358 10 402 4041 Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2021, Apetit Group's net sales were EUR 284 million.
22.02.2022	Timo Huttunen appointed Director, Oilseed Products of Apetit Plc Apetit Plc, Stock Exchange Release on 22 February 2022 at 09:30 a.m. Timo Huttunen appointed Director, Oilseed Products of Apetit Plc Timo Huttunen M. Sc. (Food Technology) has been appointed Director, Oilseed Products of Apetit Plc. Huttunen will start in his position on 1 March 2022. He reports to CEO Esa Mäki and is a member of the corporate management team. Previously Huttunen has worked, among others, for Viking Malt Oy in various managerial and director positions, most recently as Director, Craft and Special Malt business. “I warmly welcome Timo to Apetit to develop the company further,” says CEO Esa Mäki. Tero Heikkinen, the current Director of the Oilseed Products and Grain Trade businesses, will continue to work for Apetit until May 15, 2022, after which he will be transferred to another employer. Also, Apetit will launch a search for the Director, Grain Trade business. Apetit Plc For more information, please contact: Esa Mäki, CEO, tel. +358 10 402 2100 Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2021, Apetit Group's net sales were EUR 284 million.
17.02.2022	Apetit Group’s profitability lower than in the previous year – Positive overall development in Food Solutions Apetit Plc, Financial Statements Review on 17 February 2022 at 08:30 a.m. Apetit Plc: Financial Statements Release 1 January to 31 December 2021 Apetit Group’s profitability lower than in the previous year – Positive overall development in Food Solutions October–December 2021, continuing operations* · Net sales amounted to EUR 83.0 (82.0) million · EBITDA was EUR 2.2 (2.7) million · Operating profit was EUR 0.5 (1.1) million January–December 2021, continuing operations* · Net sales amounted to EUR 283.9 (292.9) million · EBITDA was EUR 9.2 (10.1) million · Operating profit was EUR 2.8 (3.9) million *) Apetit’s continuing operations are Food Solutions, Oilseed Products and Grain Trade. In addition to the three reporting segments (Food Solutions, Oilseed Products, Grain Trade), Apetit reports Group Functions, consisting of the expenses related to Group management, strategic projects and listing on the stock exchange that are not allocated to the three business segments. The figures for 2021 and 2020 have been audited. The quarterly and six-month figures are unaudited. The figures in brackets refer to the corresponding period in 2020, and the comparison period means the corresponding period in the previous year, unless otherwise stated. PROFIT GUIDANCE FOR 2022 The full-year operating profit from continuing operations is expected to improve year-on-year (EUR 2.8 million in 2021). BOARD OF DIRECTORS’ DIVIDEND PROPOSAL The Board of Directors proposes to the Annual General Meeting that a dividend of EUR 0.40 per share be paid for the financial year 2021. Esa Mäki, CEO: “Apetit Group’s net sales in the fourth quarter were at the same level with the comparison period but profitability declined. Towards the end of the year, profitability was weakened especially by the rise in energy costs and the increase in the price of oilseed plant raw materials that had continued since the summer. At the annual level, our operating profit was lower than in the previous year due to the weak profitability of the Grain Trade business. The profitability of the Oilseed Products segment was burdened by the record-high raw material price and increased logistics costs. With regard to the refining margin, the situation will remain challenging early in the year. In Food Solutions, development has been, for the most part, very positive. The retail demand for food remained strong until the end of the year. Demand in the Food Service channel also continued to recover. In food exports, we strengthened our position especially in the Swedish retail sector with new customer relationships. Although the pea harvest fell significantly short of the target, which reduced export volumes towards the end of the year, the total annual value of exports increased by 5 per cent. Profitability improved in all sales channels. Our delivery reliability has also remained at an excellent level. In the Oilseed Products business, we continued our systematic work to commercialise the new rapeseed-based plant protein during the year. The small-scale production of the BlackGrain from Yellow Fields plant protein started in October 2021. The small-scale production enables customers to test BlackGrain in their own product development. At Apetit, BlackGrain was used for the first time in a commercial product in early 2022 as Apetit Vegetable Ball was launched for the HoReCa market. The Kantvik bioenergy plant was commissioned towards the end of the year. The plant significantly reduces the Group’s CO\2\ emissions and energy costs. In the bioenergy plant, we can also make full use of production side streams, such as the straw that comes with seeds. The side streams account for about 10 per cent of the total fuel amount. The total value of the investment was approximately EUR 7 million. We have succeeded in improving production efficiency throughout the Kantvik vegetable oil milling plant: records were achieved both in rapeseed milling and in oil refining. Increasing the cultivation of domestic oilseed plants in line with our goal supports our efforts to improve the profitability of the Oilseed Products segment in the new harvest season. In December, Apetit Group’s subsidiary Avena Nordic Grain agreed on selling the Baltic operations of the Grain Trade business to Scandagra Group, which is a leading agriculture company in the Baltic countries. This business transaction is in line with our strategy and will make the Grain Trade business significantly healthier. The transaction is expected to be completed during the first quarter of the year. The changing COVID-19 situation has required us to act flexibly and competently in implementing various exceptional arrangements. Regardless of this all, we have successfully achieved our goal of ensuring the health and safety of our employees and ensuring undisrupted operations throughout the food supply chain. For this, I would like to thankour personnel warmly. In the corporate responsibility programme published in spring 2021, Apetit set targets for every stage of the value chain. An important goal is to reduce the climate impacts of our own operations. In this area, we have identified the impacts of energy consumption as essential. Significant investments in both Kantvik and Säkylä in the use of renewable energy and the development of energy and material efficiency reduce our climate impacts considerably. Put together, they will propel us towards our goal of reducing our own direct CO\2\ emissions by 75 per cent by 2025.” KEY FIGURES EUR million 10–12 10–12 Change 1–12 2021 1–12 2020 Change 2021 2020 Continuing operations Net sales 83.0 82.0 1% 283.9 292.9 -3% EBITDA 2.2 2.7 9.2 10.1 Operating profit 0.5 1.1 2.8 3.9 Share of profit of 0.9 0.6 0.4 0.3 associated company Sucros Profit for the period 1.2 1.5 2.4 3.1 Earnings per share, 0.19 0.24 0.38 0.49 EUR Working capital at the 50.5 48.4 end of the period Investment 6.6 7.8 Group (incl. discontinued operations) Net sales 83.0 82.0 1% 283.9 293.0 -3% EBITDA 2.2 2.8 9.2 10.2 Operating profit 0.5 1.2 2.8 4.1 Profit for the period 1.2 1.5 2.4 3.2 Earnings per share, 0.19 0.25 0.38 0.52 EUR Equity per share, EUR 14.95 15.26 ROCE % 2.4 3.3 Net cash flow from 5.0 26.8 operating activities Equity ratio, % 59.4 66.5 Gearing, % 26.6 21.7 WEBCAST A news conference (in Finnish) will be held as a live webcast today on 17 February 2022 at 10:00. The news conference can be followed at apetit.fi/for-investors. The presentation material and a recording of the webcast will be available on the company’s website after the news conference. Apetit Plc Esa Mäki, CEO, Apetit Plc, tel. +358 10 402 2100 Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2021, Apetit Group's net sales were EUR 284 million.
28.01.2022	Susanna Tevä appointed CFO of Apetit Plc Apetit Plc, Stock Exchange Release on 28 January 2022 at 09:00 a.m. Susanna Tevä appointed CFO of Apetit Plc Susanna Tevä M. Sc. (Economics and Business Administration) has been appointed CFO of Apetit Plc. She is responsible for the Group's financing and finance, legal and IT. Tevä will start in her position on 1 August 2022 at the latest. She reports to CEO Esa Mäki and is a member of the corporate management team. Previously Tevä has worked for example as Group Financial Controller of HKScan Plc, Finance Director of Euroports Finland Oy as well as CFO and Deputy Managing Director of Forchem Oy. “I warmly welcome Susanna to Apetit to develop the company further,” says CEO Esa Mäki. Teemu Luovila, the current CFO of Apetit Group, will resign from his position on 31 March 2022, as previously announced. Ruslan Paasonen has been appointed interim CFO as of 1 April 2022. Currently, Paasonen works for Apetit as Group Controller. Apetit Plc For more information, please contact: Esa Mäki, CEO, tel. +358 10 402 2100 Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.
28.12.2021	Apetit has agreed on selling the Baltic business operations of the Grain Trade Apetit Plc, Inside information on 28 December 2021 at 09:30 a.m. Apetit has agreed on selling the Baltic business operations of the Grain Trade Apetit Group’s subsidiary Avena Nordic Grain has signed an agreement on selling the Baltic operations of the Grain Trade business to Scandagra Group which is a leading agriculture company in the Baltic countries. The sale covers the business and assets of Avena’s companies in Estonia and Lithuania. The sale has no significant impact on the result. The transaction is expected to be completed during the first quarter of 2022. In order to be completed, the transaction requires the approval of the competition authorities in Estonia and Lithuania. In 2020, the combined net sales of Avena's Estonian and Lithuanian companies was approximately EUR 94 million and the number of employees was 23. With the sales, the employees of Estonia’s and Lithuania’s business operations will transfer to Scandagra. “The arrangement will significantly improve Grain Trade’s business. It is also in line with our strategy, as we have already announced our openness to business arrangements that suits to our strategy,” says CEO Esa Mäki. Apetit Plc For further information, please contact: CEO Esa Mäki, tel. +358 10 402 2100 Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.
20.12.2021	Apetit Plc: Managers’ Transactions Apetit Plc, Stock exchange release on 20 December 2021 at 3.00 p.m. Apetit Oyj - Managers' Transactions ____________________________________________ Person subject to the notification requirement Name: Simula, Niko Position: Member of the Board/Deputy member Issuer: Apetit Oyj LEI: 743700RSFZUIQYABYT14 Notification type: INITIAL NOTIFICATION Reference number: 743700RSFZUIQYABYT14_20211216112613_6 ____________________________________________ Transaction date: 2021-12-16 Venue not applicable Instrument type: SHARE ISIN: FI0009003503 Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATION Transaction details (1): Volume: 200 Unit price: EUR Aggregated transactions (1): Volume: 200 Volume weighted average price: EUR Apetit Plc For further information, please contact: CFO Teemu Luovila, tel. +358 10 402 2114 Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.
20.12.2021	Apetit Plc: Managers’ Transactions Apetit Plc, Stock exchange release on 20 December 2021 at 3.00 p.m. Apetit Oyj - Managers' Transactions ____________________________________________ Person subject to the notification requirement Name: Hurme, Annikka Position: Member of the Board/Deputy member Issuer: Apetit Oyj LEI: 743700RSFZUIQYABYT14 Notification type: INITIAL NOTIFICATION Reference number: 743700RSFZUIQYABYT14_20211216113322_5 ____________________________________________ Transaction date: 2021-12-16 Venue not applicable Instrument type: SHARE ISIN: FI0009003503 Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATION Transaction details (1): Volume: 162 Unit price: EUR Aggregated transactions (1): Volume: 162 Volume weighted average price: EUR Apetit Plc For further information, please contact: CFO Teemu Luovila, tel. +358 10 402 2114 Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.
20.12.2021	Apetit Plc: Managers’ Transactions Apetit Plc, Stock exchange release on 20 December 2021 at 3.00 p.m. Apetit Oyj - Managers' Transactions ____________________________________________ Person subject to the notification requirement Name: Korpiniemi, Antti Position: Member of the Board/Deputy member Issuer: Apetit Oyj LEI: 743700RSFZUIQYABYT14 Notification type: INITIAL NOTIFICATION Reference number: 743700RSFZUIQYABYT14_20211216112452_4 ____________________________________________ Transaction date: 2021-12-16 Venue not applicable Instrument type: SHARE ISIN: FI0009003503 Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATION Transaction details (1): Volume: 162 Unit price: EUR Aggregated transactions (1): Volume: 162 Volume weighted average price: EUR Apetit Plc For further information, please contact: CFO Teemu Luovila, tel. +358 10 402 2114 Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.
20.12.2021	Apetit Plc: Managers’ Transactions Apetit Plc, Stock exchange release on 20 December 2021 at 3.00 p.m. Apetit Oyj - Managers' Transactions ____________________________________________ Person subject to the notification requirement Name: Sulin, Kati Position: Member of the Board/Deputy member Issuer: Apetit Oyj LEI: 743700RSFZUIQYABYT14 Notification type: INITIAL NOTIFICATION Reference number: 743700RSFZUIQYABYT14_20211216113819_5 ____________________________________________ Transaction date: 2021-12-16 Venue not applicable Instrument type: SHARE ISIN: FI0009003503 Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATION Transaction details (1): Volume: 162 Unit price: EUR Aggregated transactions (1): Volume: 162 Volume weighted average price: EUR Apetit Plc For further information, please contact: CFO Teemu Luovila, tel. +358 10 402 2114 Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.
20.12.2021	Apetit Plc: Managers’ Transactions Apetit Plc, Stock exchange release on 20 December 2021 at 3.00 p.m. Apetit Oyj - Managers' Transactions ____________________________________________ Person subject to the notification requirement Name: Aho, Lasse Position: Member of the Board/Deputy member Issuer: Apetit Oyj LEI: 743700RSFZUIQYABYT14 Notification type: INITIAL NOTIFICATION Reference number: 743700RSFZUIQYABYT14_20211216112642_4 ____________________________________________ Transaction date: 2021-12-16 Venue not applicable Instrument type: SHARE ISIN: FI0009003503 Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATION Transaction details (1): Volume: 323 Unit price: EUR Aggregated transactions (1): Volume: 323 Volume weighted average price: EUR Apetit Plc For further information, please contact: CFO Teemu Luovila, tel. +358 10 402 2114 Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.
20.12.2021	Apetit Plc: Announcement of conveyance of own shares Apetit Plc, Stock exchange release on 20 December 2021 at 3:00 p.m. Apetit Plc: Announcement of conveyance of own shares Apetit Plc has assigned a total of 1,009 shares (APETIT) on 16 December 2021 (other conveyance) as a reward to members of the Board of Directors. The assignment value is EUR 12,198.81 in total, which corresponds approximately to EUR 12.09 per share. Taking into account the above-specified conveyances, the company holds a total 78,653 shares. Apetit Plc’s Supervisory Board decided on August 17, 2021, that the Chairman will receive an annual remuneration of EUR 39,060, the Deputy Chairman will receive EUR 24,120 and the Board members’ EUR 19,560. A total of 60 per cent of the annual remuneration will be in cash and the remaining 40 per cent in the form of Apetit Plc's shares held by the company at the current value of the share at the time of transfer. The remuneration was decided to be paid in share and cash payments four times a year. Apetit Plc For further information, please contact: CFO Teemu Luovila, tel. +358 10 402 2114 Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.
15.11.2021	Change in Apetit Plc’s Management Team Apetit Plc, Stock exchange release on 15 November 2021 at 12:00 p.m. Change in Apetit Plc’s Management Team Apetit Plc’s CFO Teemu Luovila has been resigned from his position and will continue to work for the company until 31 March 2022. “On behalf of the company, I want to extend my warm thanks to Teemu for his excellent contribution developing all areas of his responsibilities. I also wish him all the best in future,” says CEO Esa Mäki. The recruitment of a new CFO will start soon. Apetit Plc For further information, please contact: Esa Mäki, CEO, tel. 010 402 2100 Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feedstuff, and trade grain on the international markets. Apetit Plc’s shares are listed on Nasdaq Helsinki. In 2020, the Group’s net sales were EUR 293 million.

Date

Subject

18.03.2022

Apetit Plc: Managers’ Transactions

Apetit Plc, Stock exchange release on 18 March 2022 at 11:00 a.m.

Apetit Oyj - Managers' Transactions
____________________________________________
Person subject to the notification requirement
Name: Niko Simula
Position: Member of the Board/Deputy member
Issuer: Apetit Oyj
LEI: 743700RSFZUIQYABYT14
Notification type: INITIAL NOTIFICATION
Reference number: 11553/6/6
____________________________________________
Transaction date: 2022-03-16
Venue not applicable
Instrument type: SHARE
ISIN: FI0009003503
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE
Transaction details
(1): Volume: 195 Unit price: 0 EUR
Aggregated transactions
(1): Volume: 195 Volume weighted average price: 0 EUR

Apetit Plc

For further information, please contact:

CFO Teemu Luovila, tel. +358 10 402 2114

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2021, Apetit Group's net sales were EUR 284 million. Read more: apetit.fi

18.03.2022

Apetit Plc: Announcement of conveyance of own shares

Apetit Plc, Stock exchange release on 18 March 2022 at 11:00 a.m.

Apetit Plc: Announcement of conveyance of own shares

Apetit Plc has assigned a total of 985 shares (APETIT) on 16 March 2022 (other conveyance) as a reward to members of the Board of Directors. The assignment value is EUR 12,164.75 in total, which corresponds approximately to EUR 12.35 per share. Taking into account the above-specified conveyances, the company holds a total 77,668 shares.

Apetit Plc’s Supervisory Board decided on August 17, 2021, that the Chairman will receive an annual remuneration of EUR 39,060, the Deputy Chairman will receive EUR 24,120 and the Board members’ EUR 19,560. A total of 60 per cent of the annual remuneration will be in cash and the remaining 40 per cent in the form of Apetit Plc's shares held by the company at the current value of the share at the time of transfer. The remuneration was decided to be paid in share and cash payments four times a year.

Apetit Plc

For further information, please contact:

CFO Teemu Luovila, tel. +358 10 402 2114

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2021, Apetit Group's net sales were EUR 284 million. Read more: apetit.fi/en

11.03.2022

Apetit Plc: The sale of the Estonian Grain Trade business to Scandagra completed

Apetit Plc, Stock exchange release on 11 March 2022 at 08:00 a.m.

Apetit Plc: The sale of the Estonian Grain Trade business to Scandagra completed

On 28 December 2021, Apetit has announced that its subsidiary Avena Nordic Grain has signed an agreement to sell the Baltic operations of the Grain Trade business to Scandagra Group. The sale covers the business and assets of Avena’s companies in Estonia and Lithuania.

The requirements of closing the sale concerning the Estonian company have been fulfilled and the transaction has been completed on 10 March 2022.

The completion of the sale of the Lithuanian company is awaiting the approval of the local competition authorities. As previously estimated, the transaction is expected to close during the first quarter of 2022.

Apetit Plc

For more information, please contact:

Esa Mäki, CEO, tel. +358 10 402 2100

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2021, Apetit Group's net sales were EUR 284 million.

10.03.2022

Apetit Plc's Annual Report 2021 published

Apetit Plc, Stock Exchange Release, 10 March 2022 at 9:00 a.m.

Apetit Plc's Annual Report 2021 published

Apetit Plc’s Annual Report 2021 has been published. The Annual Report includes the Board of Directors’ Report, Financial Statements, Corporate Governance Statement, Remuneration Report and Sustainability report.

The Financial Statements are published in accordance with European Single Electronic Format (ESEF) reporting requirements. The Financial Review is available separately in XHTML format and the primary statements have been labelled with XBRL tags.

The Annual Report is attached to this release as a PDF file and the financial statements as an XHTML file. The materials are available also at apetit.fi/en/for-investors.

Apetit Plc

For further information, please contact:

Sanna Väisänen, Director, Corporate Communications and Sustainability, tel. +358 10 402 4041

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2021, Apetit Group's net sales were EUR 284 million.

22.02.2022

Timo Huttunen appointed Director, Oilseed Products of Apetit Plc

Apetit Plc, Stock Exchange Release on 22 February 2022 at 09:30 a.m.

Timo Huttunen appointed Director, Oilseed Products of Apetit Plc

Timo Huttunen M. Sc. (Food Technology) has been appointed Director, Oilseed Products of Apetit Plc. Huttunen will start in his position on 1 March 2022. He reports to CEO Esa Mäki and is a member of the corporate management team.

Previously Huttunen has worked, among others, for Viking Malt Oy in various managerial and director positions, most recently as Director, Craft and Special Malt business.

“I warmly welcome Timo to Apetit to develop the company further,” says CEO Esa Mäki.

Tero Heikkinen, the current Director of the Oilseed Products and Grain Trade businesses, will continue to work for Apetit until May 15, 2022, after which he will be transferred to another employer. Also, Apetit will launch a search for the Director, Grain Trade business.

Apetit Plc

For more information, please contact:

Esa Mäki, CEO, tel. +358 10 402 2100

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2021, Apetit Group's net sales were EUR 284 million.

17.02.2022

Apetit Group’s profitability lower than in the previous year – Positive overall development in Food Solutions

Apetit Plc, Financial Statements Review on 17 February 2022 at 08:30 a.m.

Apetit Plc: Financial Statements Release 1 January to 31 December 2021

Apetit Group’s profitability lower than in the previous year – Positive overall development in Food Solutions

October–December 2021, continuing operations*

· Net sales amounted to EUR 83.0 (82.0) million
· EBITDA was EUR 2.2 (2.7) million
· Operating profit was EUR 0.5 (1.1) million

January–December 2021, continuing operations*

· Net sales amounted to EUR 283.9 (292.9) million
· EBITDA was EUR 9.2 (10.1) million
· Operating profit was EUR 2.8 (3.9) million

*) Apetit’s continuing operations are Food Solutions, Oilseed Products and Grain Trade. In addition to the three reporting segments (Food Solutions, Oilseed Products, Grain Trade), Apetit reports Group Functions, consisting of the expenses related to Group management, strategic projects and listing on the stock exchange that are not allocated to the three business segments.

The figures for 2021 and 2020 have been audited. The quarterly and six-month figures are unaudited. The figures in brackets refer to the corresponding period in 2020, and the comparison period means the corresponding period in the previous year, unless otherwise stated.

PROFIT GUIDANCE FOR 2022

The full-year operating profit from continuing operations is expected to improve year-on-year (EUR 2.8 million in 2021).

BOARD OF DIRECTORS’ DIVIDEND PROPOSAL

The Board of Directors proposes to the Annual General Meeting that a dividend of EUR 0.40 per share be paid for the financial year 2021.

Esa Mäki, CEO:

“Apetit Group’s net sales in the fourth quarter were at the same level with the comparison period but profitability declined. Towards the end of the year, profitability was weakened especially by the rise in energy costs and the increase in the price of oilseed plant raw materials that had continued since the summer. At the annual level, our operating profit was lower than in the previous year due to the weak profitability of the Grain Trade business. The profitability of the Oilseed Products segment was burdened by the record-high raw material price and increased logistics costs. With regard to the refining margin, the situation will remain challenging early in the year. In Food Solutions, development has been, for the most part, very positive.

The retail demand for food remained strong until the end of the year. Demand in the Food Service channel also continued to recover. In food exports, we strengthened our position especially in the Swedish retail sector with new customer relationships. Although the pea harvest fell significantly short of the target, which reduced export volumes towards the end of the year, the total annual value of exports increased by 5 per cent. Profitability improved in all sales channels. Our delivery reliability has also remained at an excellent level.

In the Oilseed Products business, we continued our systematic work to commercialise the new rapeseed-based plant protein during the year. The small-scale production of the BlackGrain from Yellow Fields plant protein started in October 2021. The small-scale production enables customers to test BlackGrain in their own product development. At Apetit, BlackGrain was used for the first time in a commercial product in early 2022 as Apetit Vegetable Ball was launched for the HoReCa market.

The Kantvik bioenergy plant was commissioned towards the end of the year. The plant significantly reduces the Group’s CO\2\ emissions and energy costs. In the bioenergy plant, we can also make full use of production side streams, such as the straw that comes with seeds. The side streams account for about 10 per cent of the total fuel amount. The total value of the investment was approximately EUR 7 million.

We have succeeded in improving production efficiency throughout the Kantvik vegetable oil milling plant: records were achieved both in rapeseed milling and in oil refining. Increasing the cultivation of domestic oilseed plants in line with our goal supports our efforts to improve the profitability of the Oilseed Products segment in the new harvest season.

In December, Apetit Group’s subsidiary Avena Nordic Grain agreed on selling the Baltic operations of the Grain Trade business to Scandagra Group, which is a leading agriculture company in the Baltic countries. This business transaction is in line with our strategy and will make the Grain Trade business significantly healthier. The transaction is expected to be completed during the first quarter of the year.

The changing COVID-19 situation has required us to act flexibly and competently in implementing various exceptional arrangements. Regardless of this all, we have successfully achieved our goal of ensuring the health and safety of our employees and ensuring undisrupted operations throughout the food supply chain. For this, I would like to thankour personnel warmly.

In the corporate responsibility programme published in spring 2021, Apetit set targets for every stage of the value chain. An important goal is to reduce the climate impacts of our own operations. In this area, we have identified the impacts of energy consumption as essential. Significant investments in both Kantvik and Säkylä in the use of renewable energy and the development of energy and material efficiency reduce our climate impacts considerably. Put together, they will propel us towards our goal of reducing our own direct CO\2\ emissions by 75 per cent by 2025.”

KEY FIGURES

EUR million 10–12 10–12 Change 1–12 2021 1–12 2020 Change
2021 2020
Continuing operations
Net sales 83.0 82.0 1% 283.9 292.9 -3%
EBITDA 2.2 2.7 9.2 10.1
Operating profit 0.5 1.1 2.8 3.9
Share of profit of 0.9 0.6 0.4 0.3
associated company
Sucros
Profit for the period 1.2 1.5 2.4 3.1
Earnings per share, 0.19 0.24 0.38 0.49
EUR
Working capital at the 50.5 48.4
end of the period
Investment 6.6 7.8
Group (incl.
discontinued
operations)
Net sales 83.0 82.0 1% 283.9 293.0 -3%
EBITDA 2.2 2.8 9.2 10.2
Operating profit 0.5 1.2 2.8 4.1
Profit for the period 1.2 1.5 2.4 3.2
Earnings per share, 0.19 0.25 0.38 0.52
EUR
Equity per share, EUR 14.95 15.26
ROCE % 2.4 3.3
Net cash flow from 5.0 26.8
operating activities
Equity ratio, % 59.4 66.5
Gearing, % 26.6 21.7

WEBCAST

A news conference (in Finnish) will be held as a live webcast today on 17 February 2022 at 10:00. The news conference can be followed at apetit.fi/for-investors. The presentation material and a recording of the webcast will be available on the company’s website after the news conference.

Apetit Plc

Esa Mäki, CEO, Apetit Plc, tel. +358 10 402 2100

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2021, Apetit Group's net sales were EUR 284 million.

28.01.2022

Susanna Tevä appointed CFO of Apetit Plc

Apetit Plc, Stock Exchange Release on 28 January 2022 at 09:00 a.m.

Susanna Tevä appointed CFO of Apetit Plc

Susanna Tevä M. Sc. (Economics and Business Administration) has been appointed CFO of Apetit Plc. She is responsible for the Group's financing and finance, legal and IT. Tevä will start in her position on 1 August 2022 at the latest. She reports to CEO Esa Mäki and is a member of the corporate management team.

Previously Tevä has worked for example as Group Financial Controller of HKScan Plc, Finance Director of Euroports Finland Oy as well as CFO and Deputy Managing Director of Forchem Oy.

“I warmly welcome Susanna to Apetit to develop the company further,” says CEO Esa Mäki.

Teemu Luovila, the current CFO of Apetit Group, will resign from his position on 31 March 2022, as previously announced. Ruslan Paasonen has been appointed interim CFO as of 1 April 2022. Currently, Paasonen works for Apetit as Group Controller.

Apetit Plc

For more information, please contact:

Esa Mäki, CEO, tel. +358 10 402 2100

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.

28.12.2021

Apetit has agreed on selling the Baltic business operations of the Grain Trade

Apetit Plc, Inside information on 28 December 2021 at 09:30 a.m.

Apetit has agreed on selling the Baltic business operations of the Grain Trade

Apetit Group’s subsidiary Avena Nordic Grain has signed an agreement on selling the Baltic operations of the Grain Trade business to Scandagra Group which is a leading agriculture company in the Baltic countries.

The sale covers the business and assets of Avena’s companies in Estonia and Lithuania. The sale has no significant impact on the result. The transaction is expected to be completed during the first quarter of 2022. In order to be completed, the transaction requires the approval of the competition authorities in Estonia and Lithuania.

In 2020, the combined net sales of Avena's Estonian and Lithuanian companies was approximately EUR 94 million and the number of employees was 23. With the sales, the employees of Estonia’s and Lithuania’s business operations will transfer to Scandagra.

“The arrangement will significantly improve Grain Trade’s business. It is also in line with our strategy, as we have already announced our openness to business arrangements that suits to our strategy,” says CEO Esa Mäki.

Apetit Plc

For further information, please contact:

CEO Esa Mäki, tel. +358 10 402 2100

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.

20.12.2021

Apetit Plc: Managers’ Transactions

Apetit Plc, Stock exchange release on 20 December 2021 at 3.00 p.m.

Apetit Oyj - Managers' Transactions
____________________________________________

Person subject to the notification requirement
Name: Simula, Niko
Position: Member of the Board/Deputy member
Issuer: Apetit Oyj
LEI: 743700RSFZUIQYABYT14

Notification type: INITIAL NOTIFICATION
Reference number: 743700RSFZUIQYABYT14_20211216112613_6
____________________________________________

Transaction date: 2021-12-16
Venue not applicable
Instrument type: SHARE
ISIN: FI0009003503
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATION

Transaction details
(1): Volume: 200 Unit price: EUR

Aggregated transactions
(1): Volume: 200 Volume weighted average price: EUR

Apetit Plc

For further information, please contact:

CFO Teemu Luovila, tel. +358 10 402 2114

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.

20.12.2021

Apetit Plc: Managers’ Transactions

Apetit Plc, Stock exchange release on 20 December 2021 at 3.00 p.m.

Apetit Oyj - Managers' Transactions
____________________________________________

Person subject to the notification requirement
Name: Hurme, Annikka
Position: Member of the Board/Deputy member
Issuer: Apetit Oyj
LEI: 743700RSFZUIQYABYT14

Notification type: INITIAL NOTIFICATION
Reference number: 743700RSFZUIQYABYT14_20211216113322_5
____________________________________________

Transaction date: 2021-12-16
Venue not applicable
Instrument type: SHARE
ISIN: FI0009003503
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATION

Transaction details
(1): Volume: 162 Unit price: EUR

Aggregated transactions
(1): Volume: 162 Volume weighted average price: EUR

Apetit Plc

For further information, please contact:

CFO Teemu Luovila, tel. +358 10 402 2114

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.

20.12.2021

Apetit Plc: Managers’ Transactions

Apetit Plc, Stock exchange release on 20 December 2021 at 3.00 p.m.

Apetit Oyj - Managers' Transactions
____________________________________________

Person subject to the notification requirement
Name: Korpiniemi, Antti
Position: Member of the Board/Deputy member
Issuer: Apetit Oyj
LEI: 743700RSFZUIQYABYT14

Notification type: INITIAL NOTIFICATION
Reference number: 743700RSFZUIQYABYT14_20211216112452_4
____________________________________________

Transaction date: 2021-12-16
Venue not applicable
Instrument type: SHARE
ISIN: FI0009003503
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATION

Transaction details
(1): Volume: 162 Unit price: EUR

Aggregated transactions
(1): Volume: 162 Volume weighted average price: EUR

Apetit Plc

For further information, please contact:

CFO Teemu Luovila, tel. +358 10 402 2114

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.

20.12.2021

Apetit Plc: Managers’ Transactions

Apetit Plc, Stock exchange release on 20 December 2021 at 3.00 p.m.

Apetit Oyj - Managers' Transactions
____________________________________________

Person subject to the notification requirement
Name: Sulin, Kati
Position: Member of the Board/Deputy member
Issuer: Apetit Oyj
LEI: 743700RSFZUIQYABYT14

Notification type: INITIAL NOTIFICATION
Reference number: 743700RSFZUIQYABYT14_20211216113819_5
____________________________________________

Transaction date: 2021-12-16
Venue not applicable
Instrument type: SHARE
ISIN: FI0009003503
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATION

Transaction details
(1): Volume: 162 Unit price: EUR

Aggregated transactions
(1): Volume: 162 Volume weighted average price: EUR

Apetit Plc

For further information, please contact:

CFO Teemu Luovila, tel. +358 10 402 2114

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.

20.12.2021

Apetit Plc: Managers’ Transactions

Apetit Plc, Stock exchange release on 20 December 2021 at 3.00 p.m.

Apetit Oyj - Managers' Transactions
____________________________________________

Person subject to the notification requirement
Name: Aho, Lasse
Position: Member of the Board/Deputy member
Issuer: Apetit Oyj
LEI: 743700RSFZUIQYABYT14

Notification type: INITIAL NOTIFICATION
Reference number: 743700RSFZUIQYABYT14_20211216112642_4
____________________________________________

Transaction date: 2021-12-16
Venue not applicable
Instrument type: SHARE
ISIN: FI0009003503
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATION

Transaction details
(1): Volume: 323 Unit price: EUR

Aggregated transactions
(1): Volume: 323 Volume weighted average price: EUR

Apetit Plc

For further information, please contact:

CFO Teemu Luovila, tel. +358 10 402 2114

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.

20.12.2021

Apetit Plc: Announcement of conveyance of own shares

Apetit Plc, Stock exchange release on 20 December 2021 at 3:00 p.m.

Apetit Plc: Announcement of conveyance of own shares

Apetit Plc has assigned a total of 1,009 shares (APETIT) on 16 December 2021 (other conveyance) as a reward to members of the Board of Directors. The assignment value is EUR 12,198.81 in total, which corresponds approximately to EUR 12.09 per share. Taking into account the above-specified conveyances, the company holds a total 78,653 shares.

Apetit Plc’s Supervisory Board decided on August 17, 2021, that the Chairman will receive an annual remuneration of EUR 39,060, the Deputy Chairman will receive EUR 24,120 and the Board members’ EUR 19,560. A total of 60 per cent of the annual remuneration will be in cash and the remaining 40 per cent in the form of Apetit Plc's shares held by the company at the current value of the share at the time of transfer. The remuneration was decided to be paid in share and cash payments four times a year.

Apetit Plc

For further information, please contact:

CFO Teemu Luovila, tel. +358 10 402 2114

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.

15.11.2021

Change in Apetit Plc’s Management Team

Apetit Plc, Stock exchange release on 15 November 2021 at 12:00 p.m.

Change in Apetit Plc’s Management Team

Apetit Plc’s CFO Teemu Luovila has been resigned from his position and will continue to work for the company until 31 March 2022.

“On behalf of the company, I want to extend my warm thanks to Teemu for his excellent contribution developing all areas of his responsibilities. I also wish him all the best in future,” says CEO Esa Mäki.

The recruitment of a new CFO will start soon.

Apetit Plc

For further information, please contact:

Esa Mäki, CEO, tel. 010 402 2100

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feedstuff, and trade grain on the international markets. Apetit Plc’s shares are listed on Nasdaq Helsinki. In 2020, the Group’s net sales were EUR 293 million.

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